Real Estate Investor Magazine South Africa Dec/January 2020 | Page 13

The rugby world cup final took place at
a very pivotal time for the real estate
sector, and the win has been impactful in
the growth of the property market. “A victory such as this could work towards restoring
confidence in the local market, attracting the attention of
foreign investors and having a knock-on effect of convincing
more South Africans to invest in the local market rather than
emigrate,” said regional director and chief executive of Re/
Max Southern Africa, Adrian Goslett.
Kubayi visited China and Japan as part of her international
roadshows to encourage international tourism into South
Africa. Following Moodys’ rating placing the South African economy
at just a notch above junk status, foreign investors and property
buyers will benefit even more, something that Greef Christie’s
international Real Estate CEO describe as “Good.”
The rugby world cup final took place at a very pivotal
time for the real estate sector, and the win has been
impactful in the growth of the property market. Towards
the end of September, after critical economic scenes of
credit ratings, downgrades and weakened consumer
sentiments, the springbok’s win has increased investor
confidence at some of the major property and real estate
companies in the country. “This is good news for foreign investors who can expect
a decent level of stability from the Rand against the major
currencies. This means South Africa is a good place for
foreign buyers to invest and they don’t have to worry too
much about the exchange rates,” said Chief Executive of
Greeff Christie’s International Real Estate, Mike Greeff.
SOURCE Remax, Greeff Christie’s International Real Estate
SA Real Estate Investor Magazine DECEMBER/JANUARY 2020
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